Gold Traders May Be Waiting for Pullback into Support
if the gold will get the rejection by resistance 1882 then a sustained move under $1844.30 will signal the presence of sellers. This could trigger the start of a labored rally with potential downside targets $1833.90, $1821.10 and $1819.00.
The 50% level at $1819.00 is a potential trigger point for an acceleration to the downside with the next major target the main 50% level at $1782.50.
The 50% level at $1819.00 is a potential trigger point for an acceleration to the downside with the next major target the main 50% level at $1782.50.
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